Cerity Partners LLC Grows Position in Aon plc (NYSE:AON)

Cerity Partners LLC lifted its holdings in Aon plc (NYSE:AON) by 56.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,994 shares of the financial services provider’s stock after buying an additional 13,373 shares during the period. Cerity Partners LLC’s holdings in AON were worth $12,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of AON in the second quarter valued at approximately $31,000. First Personal Financial Services purchased a new position in AON during the third quarter worth about $37,000. Eastern Bank acquired a new stake in shares of AON during the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC acquired a new position in AON in the second quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC grew its position in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $390.07 on Tuesday. The stock’s 50-day moving average is $363.24 and its two-hundred day moving average is $328.66. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $84.36 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $390.73.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler upped their price target on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Finally, Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $362.06.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.